Trinidad and Tobago: Income and profits taxes

The latest value from 2019 is 26.09 percent, a decline from 28.5 percent in 2018. In comparison, the world average is 24.14 percent, based on data from 132 countries. Historically, the average for Trinidad and Tobago from 2001 to 2019 is 43.99 percent. The minimum value, 22.48 percent, was reached in 2017 while the maximum of 64.29 percent was recorded in 2011. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.